Tankers
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Performance Shipping grows fleet to seven with its first product tanker buy
Nasdaq-listed Greek owner Performance Shipping has acquired its first product tanker, sealing a deal to buy 2010-built (HHI) LR2 aframax…
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FSL eyes expansion into offshore and renewables sectors
First Ship Lease Trust (FSL) is looking to expand its portfolio with an eye set on renewables and energy-related offshore…
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HMM sets new price benchmark with latest VLCC acquisition
Tanker buyers are franticly calling their bankers, eager to secure loans and dip their investments back into the suddenly bullish…
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Heavy losses at yards suggest newbuild prices will remain firm
Shipowners hoping for a cooling in newbuild prices should brace for disappointment. Key yards are still posting enormous losses, despite…
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VLCCs enjoy the most impressive summer rally on record
The VLCC earnings climb since June has been christened the most impressive summer rally in the sector on record by…
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Ciner revealed as seller of suezmax quartet to Fredriksen’s SFL Corporation
Brokers reveal Turkey’s Ciner Shipping as the seller of four suezmax tankers reported sold for $222.5m to John Fredriksen’s SFL…
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Is extending the life of a ship bad for the environment?
Dr Anand Hiremath from Global Marketing Systems (GMS) has three simple ways for shipping to become more circular. The maritime…
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Concordia Maritime ditches container conversion project
Swedish tanker player Concordia Maritime has decided to put its pioneering boxship conversion project on hold. Earlier this year during…
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Cleaves Shipping Fund divests from firms handling Russian cargoes
Joakim Hannisdahl-led Cleaves Shipping Fund has divested from shipping companies that continue to handle Russian cargoes, with the likes of…
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Torm takes majority stake in scrubber maker ME Production
Danish product tanker owner Torm has purchased an ownership stake of 75% in ME Production (MEP), a compatriot industrial firm…
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Venezuela to assist Cuba with reconstruction of Matanzas port damaged by five-day fire
Cuba’s largest port for crude oil and fuel imports was heavily damaged in a fire that started on August 5 after…
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SK Energy joins Cargill-Maersk Tankers MR pool
Maersk Tankers has welcomed its third pool partner from Korea with the addition of energy major SK Energy and the…
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All eyes on VLCC rates
A sure sign of a spiking tanker market can be evidenced from the number of eyeballs on the VLCC fixtures…
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Fredriksen’s SFL snaps up modern suezmaxes
John Fredriksen’s SFL Corporation has struck a deal to acquire four suezmax tankers for $222.5m. The vessels should deliver between…
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NGM Energy finds buyer for aframax
George Moundreas and his firm NGM Energy have sealed an aframax sale in today’s rising market. The outfit has been…
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Gulf Navigation refinances five tankers
United Arab Emirates-based Gulf Navigation has completed the refinancing of five petrochemical tankers, under new and better terms. The 46,000…
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More crude tankers being taken on long-term charter
More and more crude tankers are being tied up on healthy three-year charters, a further sign of a strengthening market.…
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Ridgebury in significant fleet sell-off
Connecticut-based Ridgebury Tankers is the most notable tanker player in the S&P markets this summer. The outfit is reportedly bringing…
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Furetank and Algoma launch product tanker JV
Furetank and Algoma are entering into a joint venture agreement to construct four dual-fuel product tankers to trade in northern…
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Beijing rate cut adds to concerns about the health of shipping’s most important economy
Economic signals from China, the world’s most important shipping nation, continue to alarm shipowners.The surprise financial news out of Beijing…
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